Banking Support For Kinclong Hartadinata Abadi Performance

JAKARTA - PT Hartadinata Abadi Tbk (HRTA), an integrated gold and gold bullion jewelry manufacturing company in Indonesia, has again recorded strategic steps in strengthening the Company's financial foundations and governance. On July 23, 2025, HRTA signed the Second Addendum on a working capital credit facility agreement for HRTA and its subsidiary PT Gemilang Hartadinata Abadi (GHA) with PT Bank Mandiri (Persero) Tbk.

The extension of this facility is a continuation of the financing support previously given to HRTA of Rp. 2.4 trillion and GHA which runs the gold pawning business worth Rp. 300 billion. With this addendum, the term of the second credit facility was extended from July 23, 2025 to July 23, 2026, providing greater space for the Company in managing working capital needs.

"The trust that has been returned by Bank Mandiri is the fruit of our solid and growing performance. This credit facility will support the management and implementation of strategies for strengthening and business growth in the future," said HRTA Corporate Secretary, Ong Deny, in his statement, Sunday, July 27.

On the other hand, HRTA also demonstrates a serious commitment to responsible business practices and in accordance with global standards. In May 2025, HRTA has successfully completed the Gold Guidance (RGG) Responsible audit process by an independent auditor appointed by the London Bullion Market Association (LBMA). The audit results stated that HRTA had met all the RGG requirements, making it one step closer in obtaining LBMA certification for its gold refining facility (refinery). This certification is targeted to be completed before the end of December 2025.

HRTA President Director, Sandra Sunanto, emphasized that this achievement is an important part of the Company's long-term vision.

"We believe that business sustainability is not only seen from the financial side, but also from the integrity of the supply chain. LBMA certification is a strategic priority that reflects our commitment to the practice of sourceing responsible raw materials," he said.

HRTA's solid performance throughout the first semester of 2025 strengthened this positive narrative. Until the middle of the year, the company has succeeded in realizing 56 percent of the 2025 sales target, an increase of 82 percent compared to the first semester of 2024.

This reflects the high demand for gold products in the domestic market. Funding support from national banks such as Bank Mandiri provides additional trust for HRTA in expanding business reach and maintaining liquidity.

A sustainable partnership with financial institutions such as Bank Mandiri is an important foundation in our growth strategy. The extension of this facility will support operations, especially in the pawn segment that continues to grow," added Sandra.

For 2025, HRTA targets revenue of IDR 26.8 trillion, operating profit of IDR 1.45 trillion, and net profit after tax reaching IDR 602 billion. This projection was prepared taking into account the dynamic trend of the gold industry, macroeconomic conditions, and continued increased internal efficiency.

With a combination of solid financial strategies, commitment to international standards, and responsiveness to market needs, HRTA is optimistic that it can close 2025 with superior and sustainable performance.